Sat 20 May 2006
Kenya annuls Shell buyout of BP j-v stake
NAIROBI (Reuters) – Kenya has annulled an agreement by Royal Dutch Shell to buy BP's 50 percent stake in their oil products marketing joint ventures in the east African nation, Shell said on Saturday.
“We were surprised and disappointed,” Mwaura Ngaari, regional external affairs manager of Kenya Shell, told Reuters, confirming the decision.
“We are actually going to appeal.”
Media quoted Finance Minister Amos Kimunya as announcing rejection of the deal in the official government gazette, and suggested the reason was to avoid Shell becoming over-dominant.
“The Minister of Finance rejects the take-over of 50 percent of the shares in Kenya Shell Ltd, BP Kenya Ltd and BP (Malindi) Kenya Ltd. by the Shell Petroleum from BP Africa Ltd.,” local daily the Standard quoted Kimunya as saying in the gazette.
“Trade experts observed that the move was informed by the fact that the take-over would have made Shell Petroleum a dominant player in the local oil industry,” the paper added.
The newspaper said it was the first time under President Mwai Kibaki's government, in power since 2002, that the ministry's monopolies and price control department had invoked its powers to stop an acquisition.
But Ngaari said the monopoly fears were unfounded, given that two other firms — Kenol/Kobil and Total — had similar shares of the local oil products marketing sector.
The Shell/BP joint venture runs about 130 service stations and also sells lubricants in various sectors, Ngaari said, adding that the acquisition proposal was to buy BP's shares but not its assets. No price was disclosed.
“We do not believe this is a monopolistic situation,” he added. “We shall seek to speak to the minister and ask him to fully understand. We do not believe actually that these acquisitions could have changed day-to-day operations.”
This article: http://business.scotsman.com/latest.cfm?id=751832006
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
